P2 C2 ACCOUNTING FOR DEBENTURES — Elements of Account STD 12 Commerce — Question

When profit amount of the last years constantly increases, which methods of valuation of goodwill is to be adopted?

To which account workmen accident compensation fund is transferred at the time of dissolution of a firm ?

To which account credit balance of general reserve, workmen accident compensation fund, credit balance of profit and loss account is transferred at the time of the dissolution of a firm?

 While writing the journal entry for share forfeiture, which amount is to be debited to share capital account?

Which of the following is an example of Non-operating incomes?

Profit-loss sharing ratio between continuing partners is

At the time of admission of a partner, to which account and in which ratio general reserve amount is to be credited?

At what minimum price per share company can issue shares according to current provisions of Companies Act?